1. For the fiscal year ending May 31, 2024, the following details are provided for Ocean Blue Ltd.:

Item	Amount (₹)
Sales	550,000
Cost of Goods Sold	330,000
Administrative Expenses	38,000
Selling Expenses	32,000
Interest Expense	16,000
Income Tax	19,000

Requirements:

• Calculate the gross profit.
• Determine the operating profit.
• Compute the net profit before tax.
• Calculate the net profit after tax.
• Prepare the income statement in a structured table format.